Intersnack has acquired KP Snacks from The Blackstone Group and PAI partners portfolio company United Biscuits, in a deal reportedly worth around £500m.
The transaction is expected to complete in the first quarter of 2013. The deal was funded by a combination of shareholder equity and debt underwritten by Commerzbank, HSBC Tinkhaus & Burkhardt, HSBC...
Venture capital firms originally invested in the company in 2011 and 2014 respectively
Fund manager Quaestus exits its stake in the Croatian business after an eight-year holding period
Proposed deal for the aluminium profiles manufacturer comes just two years after Advent's acquisition
Deal marks first investment by small-cap buyout fund Crescendo, which held a €42m first close this year